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Classic car bubble

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55 minutes ago, hmd said:

To get around paywall issues you can often use outline.com

Try this.

https://outline.com/UesJrj

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what's with the frenzy of 240/260 on gumtree? is every just dumping stock non stop? everything's out - 240 rust wrecks, 2+2 by the dozen. i've never seen so many 

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14 minutes ago, aircobra said:

what's with the frenzy of 240/260 on gumtree? is every just dumping stock non stop? everything's out - 240 rust wrecks, 2+2 by the dozen. i've never seen so many 

We discussed it recently in the classifieds thread, seems to be a seasonal trend. Right before Christmas people hard up for cash sell the projects.

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26 minutes ago, gav240z said:

We discussed it recently in the classifieds thread, seems to be a seasonal trend. Right before Christmas people hard up for cash sell the projects.

They should be ashamed of themselves 

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I missed this somehow..

https://www.hagerty.com/articles-videos/articles/2019/04/25/bring-a-trailer-rx7-sells-for-world-record-amount

But world record? Typical North American centered evaluations from Hagerty, like when they look at 240z values, but forget S30Z values...

I guess they also forget about the Spirit R and RZ and SP (AU homologation) models that have already sold for more..!

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love a rotary, if you haven't seen Seinfell Comedian Cars Coffee, watch the eps where he has the Mazda Cosmo such a sweet car.

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5 hours ago, hmd said:

love a rotary, if you haven't seen Seinfell Comedian Cars Coffee, watch the eps where he has the Mazda Cosmo such a sweet car.

Got a link? Couldn't find it on YouTube.

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38 minutes ago, PeterAllen said:

I'm calling that... BS

According to the dealer it went through and car has been paid for already.

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https://www.motorious.com/articles/features/369111/collector-market-prices

Picture that you are investing in a corporate bond, you have different levels of quality from a “AAA-Investment grade” bond all the way down to a “Junk-Bond/High-Yield” bond. From the outside the companies may appear the same, they are both public companies and each has a great brand, but when we look into the financials, one is outstanding, and one is leveraged with debt.
 
For example, let’s compare two 1967 Corvette 427/435’s. One has every award in the country you can obtain, documentation, this car has been seen by every expert and is a (AAA) example, another car that looks exactly as this car, but does not have any judging, does not have any history or documentation and may or may not be, “matching numbers” (could be a “B”, “CCC”, or “Junk”) rating. The average person that is new to the hobby does not know the difference until they are explained this, the only thing they see is the one car that rolled across the block and “appears,” like an example that is a AAA piece. They don’t know why the auction car is valued “x” and the other car is  valued at “2x” the price.

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https://www.thisismoney.co.uk/money/cars/article-8091423/One-mans-8MILLION-collection-100-classic-cars-grabs.html

Mr Petitjean started purchasing the finest motorcars he could in the late 1960s.

Instead of making conservative investments in life insurance, mutual funds, or real estate, he put all his savings into the collection. 

Though considered an unconventional strategy at the time, Petitjean's decision helped him to avoid the worldwide savings and loan scandal and the European debt crisis altogether. 

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